Posted on 08/05/2022 4:31:47 PM PDT by FarCenter
Intel CEO Pat Gelsinger's carefully assembled house of cards is collapsing around him. And it's not really that surprising when you look at the hand he's been dealt.
For those that haven't been following Intel product roadmap that closely, here's a quick recap of where things stand today. The company is stuck on an aging 10nm process; its desktop CPUs are ludicrously power hungry; its dedicated GPUs aren't particularly competitive, even when their drivers do work; its upcoming processor families are hopelessly behind schedule; and it just killed off Optane, which was arguably its most promising development in recent memory.
Of course, none of that is Gelsinger's fault. All of these projects were well underway long before he agreed to return to Intel early last year. Even the decision to shelve Optane had more to do with Micron pulling out of the arrangement and a lack of demand than anything.
But the fact remains that these are his problems now, and they appear to be catching up with him. Making matters worse, investors are undoubtedly losing patience with the x86 giant after the company's disastrous second quarter saw Intel record a $454 million net loss for the three-month period.
In response to the dismal earnings and even more pessimistic outlook, Gelsinger offered this statement: "This quarter's results were below the standards we have set for the company and our shareholders," he said. "We must and will do better."
But how does a company like Intel do better when it faces declining demand across nearly every business unit and the strongest competition from rival chip giants in more than a decade?
Perhaps the more important question for Gelsinger is how do you instill confidence in a corporation that can't ship a product on time to save its life?
(Excerpt) Read more at theregister.com ...
I know how this works now for a company like this. They will slash and burn their workforce and the circle around the drain will flow harder. Intel is done.
Robert Noyce is gone and he is not coming back.
hard to play catch up when everyone else is hitting the gas pedal.
Dell will soon be selling workstations with AMD CPUs.
s/
And yet my 10+ yr old processors handle text, audio and HD video just fine....
The latest i9 is a formidable monster, but it’s a single socket CPU, and the Xeons are evolving at a sluggish rate.
What does their diversity hiring record look like? This could be the problem.
Look at the stock chart. Upper left to lower right. The company is hemorrhaging cash. I’m surprised to short position isn’t larger.
Noyce was a political type.
They need Andy.
Never count Intel out.
I have been building AMDs since 1999. Never went back to Intel.
My only gripe, is when AMD bought out Radeon.. I am an NVidia user :P
Bingo. Sooner or later the DIE mandates result in the mongrelization and degradation of the workforce. Cave in to that garbage and the results are mediocrity at best. Checkbox hires are bottom scrapers.
a grove situation
It’s also hard to be profitable when people are pulling back on their purchasing habits. Walmart can attest to that fact, and so can thousands of other retailers and manufacturers, and even the mom-and-pop stores.
Perhaps when the recession is over and when inflation goes out of style, Intel and others can start to recover. But, there are many companies that made huge mistakes before the recession and inflation; those can go out of business if people don’t care.
Ping.
I’ve got a recollection of hearing recently that TSMC is down in the 6nm neighborhood.
True, and then what?
Only the paranoid survived.
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